The initial production system is designed to produce up to 10,000 b/d of natural gas condensate and is scheduled for startup in 2016. Two injection wells will work in tandem with a production well, ramping up to 200 MMcf/d (6 MMcm/d) of natural gas through an onsite central processing facility. The condensate will then be transported by a 22-mi (35-km) pipeline to the Trans-Alaska Pipeline System.
The Point Thomson reservoir holds an estimated 8 tcf (226 bcm) of natural gas and associated condensate. The gas represents 25% of known gas resources on the North Slope and could be used to partially underpin the proposed Alaska LNG project. The company says potential future development will depend on a range of factors such as business considerations, investment climate, and the fiscal and regulatory environment.
Point Thomson is located on state acreage along the Beaufort Sea, 60 mi (97 km) east of Prudhoe Bay and 60 mi west of the village of Kaktovik.
“The Point Thomson field is a vital part of unlockingAlaska’s North Slope gas resources,” said Jim Flood, ExxonMobil Development Co.’s arctic vice president. “The initial production will give us invaluable insight into the potential development of the reservoir and help provide Alaskans with economic benefits.”